when is the right time to outsource your accounts receivables
TRANSCRIPT
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When is the right time to
OUTSOURCE YOURACCOUNTS RECEIVABLES
and Why you need to?
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OUTSOURCINGOUTSOURCING
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OUTSOURCINGOUTSOURCINGmeans more work but less costly
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OUTSOURCINGOUTSOURCINGmeans more work but less costly
some of the work are being handled by an
outside party
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OUTSOURCINGOUTSOURCINGmeans more work but less costly
some of the work are being handled by an
outside party
Cost-saving when
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OUTSOURCINGOUTSOURCINGmeans more work but less costly
some of the work are being handled by an
outside party
Cost-saving whenwell- strategized
- and -
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OUTSOURCINGOUTSOURCINGmeans more work but less costly
some of the work are being handled by an
outside party
Cost-saving whenwell- strategized
- and -
effective
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WHEN DO YOUNEED ONE?
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When...Outsourcing cost less than expanding and hiring new ones.
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When...Outsourcing cost less than expanding and hiring new ones.
The company was unable to handle all collections.
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When...Outsourcing cost less than expanding and hiring new ones.
The company was unable to handle all collections.
Presence of past due accounts has increased.
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When...Outsourcing cost less than expanding and hiring new ones.
The company was unable to handle all collections.
If less is being produced and more outgoing.
Presence of past due accounts has increased.
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When...Outsourcing cost less than expanding and hiring new ones.
The company was unable to handle all collections.
Accounts handling are being delayed.
If less is being produced and more outgoing.
Presence of past due accounts has increased.
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According to statistics...
A 3 MONTHS OVERDUE ACCOUNT
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According to statistics...
A 3 MONTHS OVERDUE ACCOUNT could only amount to
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According to statistics...
A 3 MONTHS OVERDUE ACCOUNT could only amount to
73 CENTS EVERY DOLLAR
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According to statistics...
A 3 MONTHS OVERDUE ACCOUNT could only amount to
73 CENTS EVERY DOLLARAfter 6 months, it then decreases to
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According to statistics...
A 3 MONTHS OVERDUE ACCOUNT could only amount to
73 CENTS EVERY DOLLARAfter 6 months, it then decreases to 50 CENTS A DOLLAR
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According to statistics...
A 3 MONTHS OVERDUE ACCOUNT could only amount to
73 CENTS EVERY DOLLARAfter 6 months, it then decreases to 50 CENTS A DOLLAR
A year passed,
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According to statistics...
A 3 MONTHS OVERDUE ACCOUNT could only amount to
73 CENTS EVERY DOLLARAfter 6 months, it then decreases to 50 CENTS A DOLLAR
A year passed, NOW DOWN TO 25 CENTS
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Collection of bad debts is
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Collection of bad debts isbetter handled by an
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Collection of bad debts isbetter handled by an
OUTSOURCING AR SERVICES.
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Outsourcing your accounts could vary accordingto the following
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Compare bad debt to industry average
Outsourcing your accounts could vary accordingto the following
![Page 26: When is the right time to outsource your Accounts Receivables](https://reader031.vdocument.in/reader031/viewer/2022030313/58eccc371a28ab2a598b45c9/html5/thumbnails/26.jpg)
Compare bad debt to industry average
Outsourcing your accounts could vary accordingto the following
If bad debt is >= to industry average
![Page 27: When is the right time to outsource your Accounts Receivables](https://reader031.vdocument.in/reader031/viewer/2022030313/58eccc371a28ab2a598b45c9/html5/thumbnails/27.jpg)
Compare bad debt to industry average
Outsourcing your accounts could vary accordingto the following
If bad debt is >= to industry average
means that you're losing more money.
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Compare bad debt to industry average
Outsourcing your accounts could vary accordingto the following
If bad debt is >= to industry average
means that you're losing more money.
Note: Best to rely on an AR provider when
situation such as this arises.
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WHY YOU NEEDTO?
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If you outsource your Accounts Receivables (AR)
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It will open up:If you outsource your Accounts Receivables (AR)
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It will open up:If you outsource your Accounts Receivables (AR)
Creativity
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It will open up:If you outsource your Accounts Receivables (AR)
Creativity
Process improvement
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It will open up:If you outsource your Accounts Receivables (AR)
Creativity
Process improvement
More time
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PROGRESSED WORKFLOW
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PROGRESSED WORKFLOWis equals to
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PROGRESSED WORKFLOW
BUSINESS GROWTHis equals to
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"To productively, effectively,and profitably extend the reach
of limited resources."
ACCOUNTS RECEIVABLE OUTSOURCING PURPOSE IS
Thank you!S o u r c e s :
www . i n v e s t o p e d i a . c o m
www . s t r e e t d i r e c t o r y . c o m
www . i a b l l c . c o m